MeltzCarlos

EURAUD macro cycle finished and holding price in large quarter

Short
FX:EURAUD   Euro / Dollar Australien
Price has found resistance in a large quarter point and psychological number of 1.625000. As we can see as well, this correlates with a large macro cycle being finished and made a large M formation between last week and this week. Im looking to enter this coming days as midweek reversal and hold for a long term cycle down for a good 500 pips potentially.

Confirmations:
- divergence on TDI on 4h with first leg above band and second band below liquid 50
- macro cycle has finished and holding current price
- price has finished quarter cycle and held position on 1.62500 and has never past it or made a new high
- price made a new higher low but struggles to make a new higher high and consolidates below the high
- AUD pairs seem to be having a bit of consolidation across the board.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.